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FALLING PROFIT: Swedish fashion retailer Hennes & Mauritz AB on Wednesday said profits fell by 11 percent in the second quarter due to the strong Swedish krona and increased markdowns as it tried to shift its products. Full story
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Swedish fashion retailer Hennes & Mauritz AB CEO Karl-Johan Persson speaks during a news conference in Stockholm, June 19, 2013. REUTERS/Marc Femenia/Scanpix Sweden (SWEDEN - Tags: FASHION BUSINESS) ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECE
Swedish fashion retailer Hennes & Mauritz AB CEO Karl-Johan Persson speaks during a new conference in Stockholm, June 19, 2013. According Persson, profits fell by 11 percent in the second quarter due to the strong Swedish krona and increased markdowns as it tried to shift its products. REUTERS/Marc
A sales assistant arranges clothing inside a V-Mart retail store in New Delhi April 6, 2013. REUTERS/Adnan Abidi
Managing Director of Spanish fashion retailer Mango Enric Casi poses at a clothing factory of the company in the industrial town of Palau-solita i Plegamans near Barcelona May 29, 2013. REUTERS/Gustau Nacarino